2 Brokerage Stocks to Buy Before Their October Earnings Reports
Both brokers keep drawing in new money. But just one of the two stocks is cheap.
Motley Fool highlights two brokerage stocks, Interactive Brokers (NASDAQ:IBKR) and Charles Schwab (NYSE:SCHW), that are currently trading near their 52-week lows. Despite this, both companies have shown strong financial performance in recent months. Interactive Brokers reported a 35% increase in client accounts compared to the same period last year, while Charles Schwab attracted a record $64.8 billion in new client money in August, marking a 46% increase from the previous year.
Both companies are expected to release their third-quarter earnings in mid-October, with Interactive Brokers reporting on October 15 after market hours and Charles Schwab hosting a business update webcast at the same time.
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